Econocasts

Thursday, June 4, 2015

2015.06.04 Silver Cycle Model Chart

2015.06.04 Silver Cycle Model Chart

The silver cycle model suggests mild downward pressure on silver prices until the August 2015 time frame. A model run from early this year shows what to expect with extreme Z-scores. In March, 2015 a major divergence between the predictive curve and the actual price is seen, suggesting a very strong possibility of reversal, which subsequently occurred. This is shown below and here on the blog. And finally, a reminder that "all models are wrong, some are useful."